It is very important to find correct branch before initiating any bank process. Though all banks will have a mechanism to verify the Retail Asset Division Branch, Account Type, IFSC Code, MICR Code, and Account Name, etc. and any mismatch will result in failed transaction!
The best and simplest place to verify Retail Asset Division branch is the cheque book. All banks will print the Retail Asset Division on the cheque books. Also, your account pass book should have the Retail Asset Division branch printed.
The address of Retail Asset Division branch is Ho 5 sansad marg, which is located in New Delhi District of New Delhi State. IFSC code used in online fund transfer and MICR code used in clearing of cheques for PNB Retail Asset Division is also provided.
Retail Asset Division has number of branches spread across India. Branch banking has undergone significant changes in response to the competition in financial services market and the ever increasing consumer demands. This leads to a single consumer bearing more than one account in different banks and due to internet banking, as in case of PNB Retail Asset Division branch, fund transfer between these banks is also possible.